The Speech to Speech Translation Market size is estimated at USD 566.64 million in 2024, and is expected to reach USD 916.33 million by 2029, growing at a CAGR of 10.09% during the forecast period (2024-2029).
The speech-to-speech (S2S) translation breaks down communication barriers among people who typically do not speak a common language. The basic purpose of using such technology at its inception stages was to enable instant oral cross-lingual communication.
The market is considerably fragmented, with very few major players competing to gain market shares in the software segment of the market. The companies include AI and machine learning to enhance their offerings. The major companies include Microsoft Corporation, Google (Alphabet Inc.), APALON (IAC Search & Media Technologies Limited), Langogo, and Shenzhen Timekettle Technologies Ltd.
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